facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

238 Conover Street, Brookly...

TerraCRG Brokers Acquire Industrial Property In Red Hook For $8M
SOLDIndustrial

TerraCRG Brokers Acquire Industrial Property In Red Hook For $8M

238 Conover Street, Brooklyn, New York 11231, United States

$8,000,000

$446/SF

Building Size

17,900 SF

Asset Type

Industrial

Closing

Sep 14, 2022

AI

238 Conover St. in Red Hook has been sold for $8,000,000. The industrial property spans 17,900 square feet, resulting in a price per square foot of $446. The transaction was facilitated by TerraCRG, with brokers Dan Marks, Daniel Lebor, and Jackson O'Neill representing the parties involved.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $8,000,000
  • Address: 238 Conover St.
  • Market: Red Hook
  • Square Footage: 17,900
  • Price per Square Foot: $446

TerraCRG played a crucial role in the sale of 238 Conover St. Dan Marks, Daniel Lebor, and Jackson O'Neill served as the brokers representing the buyer and seller. The deal showcases the expertise and professionalism of TerraCRG in the industrial property market.

Players

Daniel Lebor

Terra CRG

Broker

$986.7M

vol

50 deals

Broker

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93